May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?
Upbar & downbar do not represent anything as they can be hidden buying or selling. Distribution usually happens at the top and accumulation at the bottom. Other hints to look for are patterns and structure.
This is the first step to suspect an accumulation but needs to confirm by looking at the structure and pattern. Sometimes, without looking at other hints, it could be another escape wave for big boys to unload.
@cephasyu Absolutely! As stated in my last paragraph, "Should it break the neckline, the immediate target price is 0.90". Breakout is definitely a trigger :)
@Chris18 Minor resistance around 0.77 followed by 1.0
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3169 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
andyhard
147 posts
Posted by andyhard > 2017-01-17 19:36 | Report Abuse
May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?